Supreme Administrative Court decides [1] on clearly disproportionate fines for unauthorized acquisition. In 2013, the company ARMEX Oil acquired an ownership interest in the company TRANSCARGO without notifying the Competition Protection Office ("Office") and awaiting its approval. Two years later, the company ARMEX Oil realized that the notification to the Office had been required and notified the Office, providing full cooperation. In 2017, the Office imposed a final fine of CZK 4.9 million (approx. EUR 185,000) on ARMEX Oil for having
Share on
|
|
The Czech Supreme Administrative Court overturns a lower court’s decision to reduce a gun jumping fine to a disproportionate level (Armex Oil)
Access to this article is restricted to subscribers
Already Subscribed? Sign-in
Access to this article is restricted to subscribers.
Read one article for free
Sign-up to read this article for free and discover our services.
